Multiple Choice
Chris contracts to buy David's house on condition that Small Town Bank approves Chris's application for a mortgage loan by July 1.If Chris is not approved for the loan,then:
A) he still has a duty to buy the house.
B) he is discharged from further obligation under the contract.
C) his inability to get the loan constitutes a breach of contract.
D) he must renegotiate with David.
Correct Answer:
Verified
Correct Answer:
Verified
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